2007-01-23 06:05:50 · 20 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
AS many as you can afford
2007-01-23 06:08:14 · answer #1 · answered by Sir Sidney Snot 6 · 1⤊ 1⤋
It entirely depends on what your doing with them after you are buying them. If you are buying them and selling them on after a very short period to try and make a profit then you are classed as a trader.
There is no rule that states you are allowed to sell eg 7 cars before your classed as a trader. Buying one to sell at a profit opens you up to all the legalities a trader has to adhere to.
2007-01-23 06:31:14 · answer #2 · answered by Mark B 5 · 0⤊ 0⤋
You can buy and sell 6 without having to legally declare your profit to the inland revenue as a second income. Any more, and you are in theory a car trader, and need to pay more tax.
2007-01-26 00:06:54 · answer #3 · answered by richard n 2 · 0⤊ 0⤋
You can buy as many as you like but the problem come when you sell them. Over and above 6 (in profit) per year and you start attracting the attention of the tax office
If you sell at a loss and can prove it then OK but then that might be a very expensive hobby
2007-01-23 06:39:23 · answer #4 · answered by Anonymous · 0⤊ 2⤋
If you're worried about being classed as a trader the question should have been - how many cars can I sell in a year.
You can BUY as many as you want!
2007-01-23 06:14:50 · answer #5 · answered by Kaypee 4 · 4⤊ 0⤋
How many number plates is it possible to have each year? That should give you your answer (only if buying new cars).
Otherwise, all of them.
2007-01-23 07:52:49 · answer #6 · answered by Anonymous · 0⤊ 0⤋
As many as you can afford to buy but i would limit it to 2 cars. 3 is possible but might be pushing it. It also depends on where you get the vehicles from.
2007-01-23 06:14:14 · answer #7 · answered by nmk9543 3 · 0⤊ 2⤋
If you are talking about buying to sell, check with your local DMV. In California it was 4 a year, beyond that you needed to be licensed.
2007-01-23 06:17:56 · answer #8 · answered by Anonymous · 0⤊ 1⤋
As many as you want
2007-01-26 00:05:41 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I don't think theres a limit. If there is, and you have enough money to actually reach that limit each year, just get a dealers license.
2007-01-23 06:09:09 · answer #10 · answered by Ed K 2 · 0⤊ 0⤋
As many as you want when you have $$$$$$
2007-01-23 09:11:59 · answer #11 · answered by ladiesman217 2 · 0⤊ 0⤋